(844) 589-9732

Mississippi Health Spa Bond

July 28, 2020

The Mississippi health spa bond is a $25,000 surety bond required by the state as a condition of licensing for gym clubs. Approval is offered on good credit for 1% annually. Please call AmeriPro Surety Bonds at 844-589-9732.

Mississippi Health Spa Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond; Purpose

 

 

 

Health spas or gyms in Mississippi must register and receive approval from the state’s Attorney General office.

A prerequisite to licensing is that you obtain a $25,000 surety bond. The bond is for the benefit of any consumer who is defrauded by either dishonesty or the failure of a health spa to perform its contractual obligations (Mississippi Code § 75-83-3 (d)), as amended.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the $25,000 Mississippi health spa bond is by completing a short surety bond application and undergoing an underwriter review of the application.

The review of your application includes a credit check inquiry. To be approved by our agency, good credit is required; the rate of approval is 1% of the bond’s amount, $250 annually.

Review and approval of your application can take anywhere between a few business hours to 1 business. It is typically not longer than that.

Upon approval of your health spa/gym bond, and payment of the premium, our agency issues your bond to you immediately. Included with your surety bond will be a Power of Attorney form. You’ll need to file both.

Upon receipt of your surety bond documents by mail, you’ll sign your bond as Principal (we will have signed it as Surety). All original completed surety bond documents will then be filed by you to:

Mississippi Office of the State Treasurer

Division of Consumer Protection

501 N. West Street

Jackson, MS 39201

601-359-3600

 

 

 

Premium Prepayment Options

 

 

 

Your Mississippi health club surety bond may be prepaid for 2 or 3 years, which, besides lengthening the time between renewal of your premium (the bond is issued with a standard 1 year term), offers you a savings over annual renewals.

The premium prepayment option and savings are as follows:

  • If prepaid for 2 years, the premium is $450, a $50 savings;
  • If prepaid for 3 years, the premium is $600, a $100 savings.

 

 

 

About us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which offers surety bonds in Mississippi and all 50 states. These surety bonds include other license and permit, Court, probate, and fiduciary bonds.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

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